Caprice Resources (CRS) Q2 2025 TU earnings summary

Executive summary

• Prioritised gold asset development in WA's Murchison goldfields, advancing Island Gold and Cuddingwarra projects.

• Maiden Exploration Target established for Island and New Orient Gold Mines, with significant historical production and high-grade drill intercepts.

• Expanded West Arunta copper, gold, and niobium exploration with major tenement acquisition and land access agreement.

• $2.5 million raised via placement to fund exploration and development activities.

Financial highlights

• $2.5 million raised in October 2024, strengthening the balance sheet for exploration.

• $310k spent on project and exploration activities during the quarter, mainly on geological consulting, drilling prep, and field mapping.

• Net cash outflow from operating activities was $320k for the quarter.

• Cash and cash equivalents at quarter end totaled $1.72 million.

Outlook and guidance

• Ongoing 5,000m RC drilling at Island Gold Project, with second stage planned for February.

• High-resolution magnetic and gravity surveys planned for West Arunta to refine targets.

• Evaluation of divestment or JV opportunities for Mukinbudin REE Project.